Imtech: Reconfirmation Trading Update Q3 2012
November 21 2012 - 7:36AM
· Imtech
remains within the covenants agreed with lenders
· Working capital objective
remains unchanged between 6% and 6.5% at
year-end
· Maintaining expected
EBITA growth 2012, excluding reorganization
provision
· Order book Q3 2012
increased by 12% to 6.4 billion euro
· Maintaining strategic
growth plan 2015
Gouda - Royal Imtech NV
(IM-AE, technical services provider in and outside Europe)
reconfirms its Trading Update Q3 2012. These following recent
statements in the media and the response on the stock exchange
market.
René van der Bruggen, CEO Imtech: 'Imtech is on
track for further growth, despite difficult market conditions in a
number of countries and markets. Excluding a one-time provision of
50 million euro million for a reorganization of the building
activities in the Benelux, in Spain and a limited reorganization of
our maritime activities, Imtech maintains its statement for further
EBITA growth in 2012 compared to 2011 through a combination of
organic growth and acquisitions. The order book Q3 2012 increased
by 12% to 6.4 billion euro (Q3 2011: 5.7 billion euro).'
'The financial position of Imtech is stable. The
financial ratio remains within the covenants agreed with lenders,
which is the average net interest-bearing debt divided by the
EBITDA. The agreed rate is 3.0; in the first half of 2012 this
ratio was 1.9. The working capital to revenue target remains
unchanged between 6% and 6.5% at year-end (2011: 5.6%).'
'Imtech's long-term strategic growth plan remains
unchanged. This growth plan foresees revenue of 8 billion euro in
2015 with an operational EBITA margin of between 6% and 7%. This
growth will be divided more or less equally between organic growth
and growth through acquisitions. Imtech has sufficient financial
means at its disposal to finance this growth. We are fully
confident about the future.'
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For more
information
Media: |
Analysts & investors: |
Pieter
Koenders
Director Group Communications
T: +31 655 74 65 85
E: pieter.koenders@imtech.com
www.imtech.com
Mark Salomons
General
Counsel
T: +31 182 543 514
E: mark.salomons@imtech.com
www.imtech.com |
Jeroen
Leenaers
Manager Investor Relations
T: +31 182 543 504
E: jeroen.leenaers@imtech.com
www.imtech.com |
Imtech
profile
Royal Imtech N.V. is a European technical
services provider in the fields of electrical solutions, ICT
(information and communication technology) and mechanical
solutions. With 29,000 employees, Imtech achieves annual revenue of
more than 5.1 billion euro. Imtech holds strong positions in the
buildings and industry markets in the Netherlands, Belgium,
Luxembourg, Germany, Austria, Eastern Europe, Sweden, Norway,
Finland, the UK, Ireland, Turkey and Spain, the European markets of
ICT and Traffic as well as in the global marine market. In total
Imtech serves 23,000 customers. Imtech offers added value with
integrated and multidisciplinary total solutions that lead to
better business processes and more efficiency for customers and the
customers they, in their turn, serve. Imtech also offers solutions
that contribute towards a sustainable society, for example in the
areas of energy, the environment, water and traffic. Imtech shares
are listed on the NYSE Euronext Amsterdam, where Imtech is included
in the Midkap Index. Imtech shares are also included in the Dow
Jones STOXX 600 index.
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